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REPORT The Board has the honour to submit its report upon' the transactions in connection with the Public Service Superannuation Fund. The report this year is confined to the following accounts, statements, and tables: — Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in the following table: —

The following table shows particulars of the public servants who were contributing to the fund on the 31st March, 1944 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective rates of contribution.

Investment of the Fund. —Including £31,111 invested on Stipendiary Magistrates' account, the total investments of the fund amount to £3,153,797. The average rate of interest earned for the financial year was £4 Os. 4d. per cent., a decrease of 2s. lid. per cent, as compared with the previous year. Operations of the Fund. —The following comparative statement shows the operations of the fund (to the nearest pound) as disclosed in the Revenue Accounts and Balancesheets for the twelve-year period ended 31st March, 1944.

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Rate per Cent, of Number. Annual Annual Contribution. Male. Female. Total. Salary. Contributions. £ £ 5 1,046 453 1,499 167,361 8,368 6 89 5 94 29,585 1,775 7 43 4 47 15,115 1,058 8 25 1 26 7,788 623 9 6 6 1,900 171 10 1 1 200 20 Transfers from 14 10 24 7,316 366 nf n av Til Tin Q Oull"! lUIluo 1,223 474 1,697 229,265 12,381

Rate per Cent, of Contribution. Male. Number. Female. Total. Annual Salary. Annual Contributions. £ £ 5 23,267 4,292 27,559 7,693,395 384,670 6 1,603 118 1,721 625,179 37,511 7 934 61 995 374,653 26,225 8 402 17 419 158,820 12,705 9 140 5 145 58,651 5,279 10 32 2 34 16,910 1,691 26,378 4,495 30,873 8,927,608 468,081